High gas fees and not to mention very slow and sometimes failed transactions.
Ethereum has become a victim of its own success. As adoption grows, the #2 cryptocurrency network with the highest market cap is struggling with skyrocketing gas fees and slow transaction times. This bottleneck threatens future growth and mass adoption.
➢ And this is where Layer 2 (#L2 ) solutions come in:
independent blockchains built on top of Ethereum, designed to dramatically improve scalability while leveraging Ethereum's robust security.
These provided solutions to common problems such as transaction speed and high gas fees.
But not all L2s are created equal, I must admit that each Layer 2 has its own characteristics and has contributed great solutions to the web3 space, however there is a layer 2 called Mode Network
which is emerging as a true gamechanger in this space.
➢ Here's why:
⚡️ Fast and cheap transactions
In my opinion, this feature is basic for any Ethereum layer 2, and it was expected that Mode offers an excellent user experience.
Transactions are confirmed in seconds, with fees up to 100 times cheaper than on the Ethereum main network. No more endless waiting or paying an arm and a leg!
🧱 Built for Growth
In my opinion, this and the following feature of Mode are what make it unique.
Most L2s treat developers/users as outsiders. Mode takes the opposite approach: it is structured as a cooperative network where everyone invested in its success is rewarded proportionally through shared sequencer fees. If you believe in Mode's growth, if Mode grows, we all grow.
👷 The Layer 2 Developers Prefer
For developers, Mode is a win-win because it fosters growth by providing grants, cutting-edge tools, marketing support, and more to help developers and protocols scale. It's an entire ecosystem dedicated to their success.
If you're a dev and haven't joined Mode yet...what are you waiting for, brother?
📈 Attracting Major Projects
Mode's unique proposition is spreading the word. Major projects are lining up to partner and launch on Mode, all thanks to the fee-sharing model, affordable costs, and growth-focused environment offered by this innovative chain.
➢ But why does this L2 boom matter for crypto investors?
There are a couple of key reasons, and pay attention... as long as you don't want to miss out on the opportunity to obtain high returns this year.
If you're a crypto veteran, you must be aware that the Bitcoin halving is approaching, along with the next bull run and with it, the altcoin season.
Now, in these bullish seasons, Ethereum drastically increases the number of users and, with it, the number of transactions and traffic on the network... now there's one detail I haven't mentioned yet...
➢ The Impending ETH ETF
Analysts expect an Ethereum ETF approval sooner rather than later. While this is very bullish for ETH, this event could further worsen the gas fee issues as adoption explodes.
And this is where L2s come in to solve this problem. L2s like Mode will be essential scalable offramps. Since Mode has the fundamentals and more.
Whether you like it or not, devs will always prefer to work on Mode Network. Plus, they have
Capturing the Upside Potential As activity shifts to L2s, the narrative (and speculative investment) will follow suit.
By getting exposure to a leading L2 like Mode now, you'll be positioned to ride the coming wave of hype and growth.
And let me tell you, congratulations, you're on time, in fact, it's early. Mode's token hasn't been released yet, and the Mode big airdrop campaign is still ongoing.
If you as a user haven't participated in the Mode airdrop yet, do it now! Otherwise, you'll regret missing out on this great opportunity. I have a quick guide pinned on my profile.
And as a developer, you have a special airdrop just for developers...that's how generous Mode is! For more information on this, I'll leave a link in the comments.
If You Know You Mode 🟡
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